UNBELIEVABLE: Bloom energy stock could continue rising heres why - Caught on Camera

Bloom Energy (BE) shares are up over 200% this year, and with the AI bottleneck far from solved, there’s a good chance this rally continues. I previously covered its competitor Oklo (OKLO) and the reasons that Oklo remained a solid bet on AI power infrastructure. Bloom Energy’s rise has come at the expense of its competitor, for the simple reason that what Oklo promises to solve in the future, Bloom Energy is doing right now.

This meant the short-term opportunity in AI power infrastructure moved to Bloom Energy a while back. But there’s a possibility that this opportunity continues to pay dividends well into the medium term. One reason for that is Oracle’s (ORCL) Project Jupiter, a 2.45 gigawatt deployment that will be powered entirely by Bloom’s fuel cells. This has proven that the company’s offerings can be utilized at scale, and aren’t just a ‘future promise’. Wall Street is looking at it as a proof of concept, and if this goes well, there’s no reason why the company cannot win more such contracts, powering entire data centers for large customers. The fact that Bloom can power a data center and reduce reliance on the grid using clean energy could become a major tailwind, helping carry the stock price higher. In fact, Nebius (NBIS) just signed a $2.6 billion deal with the company for exactly this reason.